Lebanese pound drops to a historic low as people in Lebanon suffer from economic crisis
Lebanese pound
Latest in Lebanese pound
financial crisis
Lebanese expats set to lose millions amid economic crisis
The country’s deputy prime minister said the government’s plan won’t cover all depositors
Bitcoin
Cryptocurrencies offer Lebanese a place to put their cash amid hyperinflation
Lebanon is witnessing increased demand for cryptocurrencies as the lira continues its downward plummet and the economic situation worsens
Beirut Stock Exchange
S&P Dow Jones Indices considering removing Lebanese stocks from its index
Lebanese companies potentially affected by this are Banks Audi, BLOM and Byblos and construction giant Solidere
Lebanese pound
Will a currency board help resolve Lebanon’s financial crisis?
Experts are divided on proposal as economic crisis in Lebanon continues unabated
Bank Audi
Lack of leadership in Lebanon has banks paying highest interest rates on deposits
Average rates on dollar deposits rose to 4.11 percent, a level not seen since February 2008. Similar interest rates in Jordan were at 4.38 percent at the end of May
